Milliken, M1V 0C7
Description
Prime Investment Opportunity in Skycity Shopping Centre!Excellent location at the busy intersection of Finch & Midland, within the highly visible Skycity Outdoor Shopping Centre. Steps to TTC and minutes to Hwy 401 & 404. Ample free surface parking available.Ideal for investors seeking a stable tenant and solid return. Buyer to assume the existing 5-year lease (until August 31, 2030).The unit has been fully renovated and equipped for a bubble tea business, which has been successfully operating for almost 10 years. Includes a 2-piece washroom.Current Gross Rent: $2,442.71 + HST / month, Gross Cap Rate: approx. 7.9%Net Cap Rate: approx. 5.7% Fantastic turnkey investment opportunity with a reliable tenant and consistent income in a high-traffic commercial plaza!
Features
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Category:
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Total Area: 469 sqft
- Retail Area: 469 sqft
- Parking Types: Plaza
- Bathrooms: 1
Details
- Zoning: Commercial
- Tax: $ 3,965
- Maintenance: $ 351
- Opening Days: Open 7 Days
- Alcohol Allowed: N
- Features: Public Transit
- E12498248
- Listing contracted with: HOMELIFE NEW WORLD REALTY INC.
